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Jun 30, 2022
Global Net Lease Q2 2022 Earnings Report
Reported financial and operating results for the quarter ended June 30, 2022.
Key Takeaways
Global Net Lease reported a revenue of $95.2 million for the second quarter of 2022, compared to $99.6 million in the second quarter of 2021. The company's Core FFO grew by 13.5% to $50.0 million, or $0.48 per share, compared to $44.0 million, or $0.46 per share, in the same quarter of the previous year.
Revenue was $95.2 million compared to $99.6 million in second quarter 2021
Core Funds from Operations (“Core FFO”) grew 13.5% to $50.0 million or $0.48 per share compared to $44.0 million or $0.46 per share in second quarter 2021
Portfolio 98.9% leased with 8.3 years of weighted average remaining lease term
Closed two US industrial and one U.K. office acquisitions for a total purchase price of $33.0 million at a weighted average cap rate of 7.7% and with 13.6 years of weighted-average lease term remaining
Forward Guidance
The company did not provide a specific financial outlook for future periods in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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